Bookkeeping can be an intimidating and dreaded part of business for many business owners. To make it even more challenging, there are many stereotypes and beliefs about bookkeeping that can make it hard to distinguish the facts from the rumors. You can risk unfortunate and preventable consequences by going into…

Setting up a payroll system supports the efficiency of your business, whether you have one employee or thirty. It gives you the ability to stay on top of legal responsibilities and can help save money by protecting you from any Internal Revenue Service penalties. However your organization chooses to manage…

From poor cash flow to improper tax filings, badly kept books can cause any business a world of problems. A young business is especially at risk of failing if these issues occur. However, effective bookkeeping habits can prevent this and help a business thrive. Whether you keep your books in-house, or outsource…

Every business must have a system for handling payroll procedures such as paying employees, filing government forms, and paying taxes. Because of the numerous aspects included in payroll processing, it is common for small business owners to make mistakes. Here are the most common mistakes made when processing payroll that…

Do you have a payroll folder sitting in the back of your filing cabinet that you dread rummaging through every time payday rolls around? Many small business owners do not particularly enjoy processing payroll, and are not fond of the idea of handing it over to an employee. Not only…

We see a lot of QuickBooks company files that are completely chaotic. The strange thing is that most of them have some or all of the same mistakes. We have compiled a list of the most common mistakes that small business owners make in QuickBooks. They don’t reconcile accounts. This…

Owning a small business seems easy until you are actually doing it. Small business success comes from hard work, willingness to adapt when certain issues arise, and learning from others. Business owners who claim to know everything and refuse to listen to others ideas often fail due to their stubbornness….

Do you ever ask yourself why you do what you do? Many may wonder why we offer small business bookkeeping services. Most individuals cringe at the thought of dealing with bookkeeping on their own, so they can’t imagine the type of people who want to do it for a living. Here…

Bookkeeping may feel like a chore, but it is an essential component of every small business. Businesses that could have been successful have ended up failing due to not properly maintaining financial records. According to the IRS, 40% of small businesses are fined an average of $845 each year for…

Even though most individuals claim they know to never mix their personal expenses with the expenses of their small business, it seems to be a common issue. Many think it is okay to take funds out of one to put into the other, as long as they put the money back…